Tunisie Telecom has announced that, following the close of the Voluntary Offer that its fully owned subsidiary TT ML Limited made for shares in GO plc at 5pm on July 22, acceptances have been received in respect of 66,281,050 shares, equivalent to approximately 65.4% of the total issued share capital of GO.

The Offer was opened on June 24, pursuant to Chapter 11 of the Listing Rules of the Malta Financial Services Authority.

It follows the announcement issued by GO on May 23, confirming the selection of Tunisie Telecom as the final preferred bidder for the company's shares.

Under the terms of the Offer, GO shareholders who have accepted the Voluntary Bid are entitled to receive a cash consideration of €2.87 per share which is payable following the completion of the transaction which is still subject to the satisfaction of a number of conditions as set out in section 6.5 of the offer document of the Offeror dated June 14.

Commenting on the success of the Offer, Nizar Bouguila, Chairman and Chief Executive Officer of Tunisie Telecom, said: "We are delighted with the results of the Offer and the level of acceptances received. While it is important that minority shareholders who wished to take the opportunity to participate in the Offer were able to do so, it has always been our intention to have a strong, supportive local shareholder base and that GO retains its status as a distinct Maltese listed company. We believe that local Maltese support will be essential in ensuring the success of our proposed strong trans-Mediterranean telecoms partnership, and we want GO to be a key pillar of that."